More then one property

[Yaron H.]

Hello all,

I'm in the middle of a contract for my second property, and I have some questions about insurance.

1. How do you select your insurance policy? Do you ask for number of quotes and compare?

2. When you have more than one property, do you use the same insurance company?

3. Do you use package deals? Or every property has its own insurance policy?

4. Umbrella insurance, a quick explanation would be nice, from what I understand it's just a bigger coverage for your property. Do you use it? If so why, and would you recommend using it and when?

Thanks!

Yaron.